Economic Expansion Hits Four-Year High

This transcript has been automatically generated and may not be 100% accurate.

going ... welcome to the Barron's video report ... I'm Bob O'Brien ... with most of the major market averages Haiti in two miles to levels that gal flirting with the twelve fouls and point ... in the SNP five hundred ... hitting hard against the thirteen hundred point ... a lot of investors are asking themselves the basic question ... what's going on with the conomy ... the economy of course ... has been believer in buying the labor issue with unemployment remaining ... at that stubborn about nine and a half percent level ... and the housing market remained very vexed ... however we got some GDP data in Friday's ... in Friday's notes ... and it showed that the ... economy has actually grown more than it has been about four years of about three point two percent ... in the fourth quarter of the year ... Dell course this is the first look ... at the GDP in the could change when we get the revisions but it does seem as well ... economic conditions have picked up a little bit ... one of the hardships though is that corporations have stop spending ... to restock those inventories in the depleted during the recession ... on inventory restocking ... dropped dramatically below what we saw on the third quarter of the year ... and it could be a problem even though corporations have ... a ton of money on their balance sheets ... close to about two trillion dollars ... so there's a little bit of a push and pull going on in the economic conditions ... we still have problems in the labor force we still are Proms ... with the housing market ... however there's overall consumer spending which has picked up ... and that's a good sign given that we rely on consumer spending ... to try to get the economy go ... Barron's video report ... I'm Bob O'Brien ...